Lending money to friends & family

MonocleFox

Hello,

I am here looking for some advice on reclaiming money I loaned to someone. For me, it is less about the sum of money and more the principals involved.

Someone I previously worked with and had semi-regular contact with asked me for a loan of £100, claiming his father was ill and he was desperately needing to get through to another city to see him. I had no reason to suspect him of bad character, so I obliged particularly as he agreed to pay me a few days later when I know my (ex) place of work dumps money into the account (last day of the month).

Short version is that he didn't make any contact regarding repayment, and both my recent texts (and a Facebook message) attempting to get contact haven't resulted in any reply. His status updates make it fairly clear he's alive and well, however, so it's not a case of him falling off the planet.

I have evidence of the agreement and promised repayment on text messages and I'm willing to call up my phone provider if I'm required to use it for legal evidence. My bank records also show the payment took place. Lastly, I also know his current place of work. My main problem is not knowing his home address.

Can anyone advise my best course of action? Unfortunately, made some rookie mistakes taking someone at face value. I know I can write it off - although I'm a student right now and not exactly rich, £100 also isn't the end of the world. But equally, I have no love for people taking advantage of someone else's trust.

Thanks for any help you can offer

Apples2

You have virtually zero chance of getting it back.
Have a read through the earlier pages of this thread.

100 is hardly worth court for, even if you did, what are you going to do when he says you bought his old xbox for the 100 quid?

MonocleFox

Apples2 wrote: »

You have virtually zero chance of getting it back.
Have a read through the earlier pages of this thread.

100 is hardly worth court for, even if you did, what are you going to do when he says you bought his old xbox for the 100 quid?

Heya, thanks for your thoughts on this. I figured it was probably going to be the case that I was out of luck but I wanted to be certain either way. I'll write it down as one of life's great experiences. It could have been far worse, in the end

maz1964

Well like others have said and you are probably going to put it down as one of lifes experiences, i still would send a last face book message and tell him how you feel, and that he has taken advantage of your kind nature and hope that this kicks in that he really ought to pay back what he owes - you are a student

i beleive in karma, what goes round comes round and i have had to wait a few years but that just is me i guess, to see justice done in another way.

Dont let this one thing change you but learn from it, you will see from my earlier posts i only wish i had lent 100 but have ended up with a ccj for over 6000 just for helping a friend out so look at the bigger picture but pls do not spend your precious time over this idiot,

you deserve good things to happen in your life and it will as you have shown to be a kind person and dont let anyone take that away from you

keep happy and get the life you deserve and study hard and life will be what you make it

have a fun day maz:cool:

glasgowsaver2011

I lent thousands to my best friend

Who, due to debt, (not the money she owed me) - other debt, she killed herself

Leaving me in debt to the tune of 10's of thousands

Luckily she had death benefit with her employer that paid out and just covered the debt

what a lesson though

Never ever lend money to a friend

John_Pierpoint

glasgowsaver2011 wrote: »

Never ever lend money to a friend

...................without security.

Think like a banker.

maz1964

John_Pierpoint wrote: »

...................without security.

Think like a banker.

hahah ,,i get it,,,,and what a wonderful thing hindsight is,,,,just wish i had it at the time never mind,,,it wont change me as a person,but im so very more careful now and thus im waiting on the day she finally does pay me back, but of course my friendship with her now is not the same,

ciao have a fun day maz

Peater

Wow, some terrible tales.

I thought i was in a pinch because a school freind owes me £20 from 10yrs ago....

I won't lend money to anyone now (unless its a 'can you spot me a tenner until we get to the next cash machine' type affair) and cite reasons of 'Look, as a friend, i still want to be you're friend. Me loaning you any money will seriously compromise that, i'm sorry, it's just the way i am.'

maz1964

Peater wrote: »

Wow, some terrible tales.

I thought i was in a pinch because a school freind owes me £20 from 10yrs ago....

I won't lend money to anyone now (unless its a 'can you spot me a tenner until we get to the next cash machine' type affair) and cite reasons of 'Look, as a friend, i still want to be you're friend. Me loaning you any money will seriously compromise that, i'm sorry, it's just the way i am.'

hiya i wish i was you lol

no on a serious note, i applaud you for listening to our true stories, and unfortunatley, i have found there are people who systematically fool others in the name of friendship, i know in my heart of hearts i should have said no but at the time i was suffering with depression and that was in effect my madness of not being fully there but she played on that moment in my life because she knew had i been where im at today i would not have done it, but hey life throws all sorts of balls at you and some you catch and some you miss, but what a huge lesson ive learnt

so really do as you do and i guess in a way we all should say economy is tight and so i too am struggling to pay my bills, even if we arnt and that way hopefully the friendship remains as it was always,

have a fun day all ciao maz

teecee1001

Hi guys,

I have read the posts and I have a slightly different question although i too lent money to a friend...

I lent him £1200 in cash and have no real evidence apart from a couple of text messages. My problem is that he declared himself bankrupt shortly after due to an investigation by HMRC but failed to record my loan. I want to know if there is anything i can do because he has hidden this from the authorities.

I have given him a year to pay me back (it was supposed to be for 2 weeks!) and whilst I sense that I may never see my money again I would like to know that I have caused as much irritability and hassle to him as he has to me. I am assuming if he is bankrupt one more CCJ would not matter but if there is a chance that if by highlighting this there is a chance of a fraud being discovered then this may force him to pay up??

Thanks